Leading infra companies Larsen & Toubro (L&T) and Afcons Infrastructure are among 13 firms vying for the development of the Rs 5,877-crore Gorakhpur Link Expressway project. The Expressway will directly link Gorakhpur, the home turf of chief minister Yogi Adityanath, with the under-construction Purvanchal Expressway.

Shares of Coal India Ltd fell by 3.4% on Thursday after the company reported a poor set of production numbers. Production shrank 23% in September, hampered by floods and rains. That has continued to keep a lid on its stock price, despite what appears to be an inexpensive valuation.

The recent reduction of gas prices by the central government would lead to state-owned Oil and Natural Gas Corporation (ONGC) lose Rs 1,460 crore revenue from its gas business, rating agency Moody’s said on Thursday. The decline is equal to 0.3% of ONGC’s expected consolidated revenue and around 2% of consolidated earnings before interest, tax, depreciation and amortisation for FY20.

Telangana will embark on a large-scale programme to deliver blood and transport of medical samples via drones. The initiative is co-designed with the World Economic Forum and Healthnet Global Limited, an Apollo Hospitals Group company.

The Reserve Bank of India (RBI) today cut its benchmark interest rates (repo rate) for the fifth time this year to boost economic growth. The RBI today cut repo rate by 25 basis points to 5.15%, which takes its cumulative cuts so far this year to 135 bps. The RBI also cut its GDP growth estimates to 6.1%, from earlier estimate of 6.9%.

TVS Motor Company on Friday announced the new TVS Apache RTR 200 4V with Bluetooth-enabled SmartXonnect mobile application technology.

The motorcycle will be equipped with a connected cluster and a gold finish racing chain, it said in a statement.

The Sensex continued its losing streak on Thursday. The benchmark has given up over 800 points in the last four sessions as the Dow lost 800 points over two days over investors remaining worried over slowing growth globally. India markets, too, remained weak for both domestic and global concerns. While the Sensex gave up 198.54 points, or 0.52%, to end the session at 38,106.87 points, the broader Nifty50 settled at 11,314 points, down 45.90 points.

Taking lessons from last year’s failed attempt to privatise Air India, the government has, this time round, decided to share the actual “sale and purchase agreement (SPA)” privately with prospective bidders at the EoI (expression of interest) stage itself to help them take long-term view of the various liabilities and accordingly plan their funding for the deal.

The fresh EoI, being prepared under the supervision of a home minister Amit Shah-led ministerial panel, would be out later this month.

Moody’s Investors Service on Thursday said if a non-government firm takes over the entire government stake in BPCL, it would likely downgrade the state-run oil marketing company by two notches to Ba1, which denotes medium-grade and is subject to moderate credit risk. Whether BPCL is to be privatised or sold to another PSU, the proposed stake sale of 53.29% government stake in the company will prompt bond redemption and attendant refinancing risks, the rating agency added.

Apart from mapping coal stocks in mines, the portal will also help stakeholders monitor the movement of railway rakes and coal availability at power plants. In line with the government's predisposition for acronyms, Prakash stands for ‘Power Rail Koyla Availability through Supply Harmony’.

The government on Thursday launched a web portal, Prakash, with a view to improving coordination between the power, coal and railway ministries to ensure coal supplies to power plants.

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